FY2017 EPS Estimates for Lilis Energy Inc Cut by Seaport Global Securities (LLEX)

Lilis Energy Inc (NYSEAMERICAN:LLEX) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings estimates for Lilis Energy in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the company will earn ($0.74) per share for the year, down from their previous forecast of ($0.73). Seaport Global Securities has a “Buy” rating and a $8.00 price target on the stock. Seaport Global Securities also issued estimates for Lilis Energy’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.01 EPS.

Several other analysts have also recently commented on LLEX. Zacks Investment Research raised Lilis Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Williams Capital initiated coverage on Lilis Energy in a report on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price target for the company. Stephens initiated coverage on Lilis Energy in a report on Friday, September 29th. They issued an “overweight” rating and a $6.00 price target for the company. Finally, Capital One Financial initiated coverage on Lilis Energy in a report on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $6.71.

Shares of Lilis Energy (NYSEAMERICAN:LLEX) opened at $5.03 on Thursday. Lilis Energy has a 1 year low of $2.95 and a 1 year high of $5.69. The firm has a market capitalization of $268.63, a P/E ratio of -2.32 and a beta of -1.38.

A hedge fund recently raised its stake in Lilis Energy stock. Wolverine Trading LLC boosted its position in Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,188 shares of the company’s stock after purchasing an additional 49,214 shares during the period. Wolverine Trading LLC owned about 0.12% of Lilis Energy worth $274,000 as of its most recent SEC filing.

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About Lilis Energy

Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

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